Real Estate News

The newly appointed Director-General, Ogun State Bureau of Land and Survey/Special Adviser to the Ogun State Governor on Land Matters, Mr. Wale Oshinowo, has said the government will no longer fold its arms and watch speculators take over its land and plans to reclaim all properties illegally acquired. Oshinowo, who stated this while inspecting government land within the Ilo-Awela-Onipanu axis ...

According to real estate news as reported in the Nigeria newspapers, the Lagos state government has pledged to make affordable housing possible for the people of the state. The government intends to achieve this goal by significantly reducing the cost of housing construction through utilizing locally sourced raw materials and building a lot of houses. In addition, the state government ...

South Africa, Egypt and Nigeria together account for almost 50% of Africa’s US$3.5tr economy, making these three countries difficult to ignore as part of an expansion strategy. However, these three nations also have weaknesses according to a recent report by South African-based Rand Merchant Bank (RMB). Although South Africa remains the dominant force on the continent, it is expected to ...

Introducing… The Harbour Estates, Mayfair-Lekki This is the best time to get this!                                   A friend of mine was still telling me the other day about how someone bought land in Lekki area for less than N1m in 2005, and now the land commands ...

Globacom has launched a mouth-watering and innovative product tagged Phonelord which rewards its subscribers for housing Glo SIMs in their phones. The company said from now on it would pay its subscribers rents for using their phones to provide shelter for their Glo SIMs just like tenants pay rents to landlords. Launching the product in Lagos on Wednesday, July 10, Globacom’s Coordinator ...

In another bizzare Lagos building collapse, four persons, including a 15-year-old hawker identified only as Sukurah, lost their lives on Sunday after a two-storey building under construction, collapsed in Surulere, Lagos State. The building collapsed around 10am during  the early morning rain, three people were rescued and were responding to treatment at different hospitals. A friend of the 15-year-old victim, Tobi, ...

Beyond the normal inconveniences — interruptions in Medicare, the darkening of the National Zoo’s panda cam — the government shutdown threatens to rain on the one bright spot of the economic recovery: The housing market. Lenders looking to process new mortgage applications will be blocked from basic services, like verifying Social Security numbers and tax return documents from the Internal ...

Mr. Lanre Mabinuori the Project Director of Prime Exchange Limited, a real estate development company says paucity of funds is one of the major factors militating against massive property development in the country. He said this during a seminar for the company’s marketing network team in Lagos on Saturday. Mabinuori, who said many banks were not willing to lend to estate developers, ...

This is an exclusive interview with Chief (Dr) Christian Francis Ipoola Olaniyan Land Investment interview with Chief (Dr) Olaniyan…Born to parents who were teachers, he also ended up an educationist after having the best education available back in the 40’s.The founder of Victory Schools, Ikeja and other various establishments, he was one time Hon. Commissioner for Establishment and Training, old ...

In an unprecedented move, Johannesburg-based RMB Westport, South Africa’s second-largest financial-services company, announced the property unit of its investment banking arm has raised $250 million to develop real estate in West Africa. The initial sites will be in Nigeria, Ghana and  Angola. Retail and mixed-use development will be the primary objective. Africa currently has strong demand for high-grade retail and ...